The statement of financial position for Sylvests Ltd at the end of the first year of operations indicates the following What is the debt to total assets ratio for 2018 (rounded to one decimal place) a (37 9 ) b (40 0 ) c (22 1 ) d (41 70 ) 2018 Total current assets $600,000 Total investments 85,000...

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The statement of financial position for Sylvests Ltd. at the end of the first year of operations

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The statement of financial position for Sylvests Ltd. at the end of the first year of operations indicates the following:

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What is the debt-to-total assets ratio for 2018 (rounded to one decimal place)?

a. $37.9 \%$

b. $40.0 \%$

c. $22.1 \%$

d. $41.70 \%$

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:26 AM

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The statement of financial position for Sylvests Ltd. at the end of the first year of operations

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2018 Total current assets $600,000 Total investments 85,000 Total property, plant, and equipment 900,000 Current portion of long-term debt 250,000 Total long-term liabilities $350,000 Common shares 600,000 Contributed surplus common shares 60,000 Retained earnings 325,000

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Cornerstones Of Financial Accounting

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